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Akamai Technologies, Inc. 8-K
Table of Contents

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934

Date of report: December 17, 2004
(Date of earliest event reported)

AKAMAI TECHNOLOGIES, INC.

(Exact Name of Registrant as Specified in Charter)
         
Delaware
   0-27275
   04-3432319
(State or Other Jurisdiction
of Incorporation) 		  (Commission File Number)   (IRS Employer Identification No.)

8 Cambridge Center, Cambridge, Massachusetts 02142
(Address of Principal Executive Offices) (Zip Code)

Registrant’s telephone number, including area code: (617) 444-3000

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

o  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

TABLE OF CONTENTS

Item 8.01. Other Events
SIGNATURE
EXHIBIT INDEX
EX-99.1 Press Release dated December 20, 2004

Table of Contents

Item 8.01. Other Events

     On December 20, 2004, the Registrant announced that it repurchased, in an individually negotiated transaction, $24.9 million in principal amount of its 5 1/2% Convertible Subordinated Notes due 2007 for a total of $26.1 million in cash, including accrued interest. A copy of the press release announcing the repurchase is attached to this Current Report on Form 8-K as Exhibit 99.1.

 

Table of Contents

SIGNATURE

     Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

         
Date: December 20, 2004  AKAMAI TECHNOLOGIES, INC.
 		  
  By:   /s/ Robert Cobuzzi    
    Robert Cobuzzi, Chief Financial Officer   
       
 

EXHIBIT INDEX

     
Exhibit No.
   Description
99.1
  Press release dated December 20, 2004

 

Press Release dated December 20, 2004
 

Exhibit 99.1

FOR IMMEDIATE RELEASE

         
Contacts:        
Jeff Young
      Sandy Smith
Media Relations
  --or--   Investor Relations
617-444-3913
      617-444-2804
jyoung@akamai.com
      ssmith@akamai.com

AKAMAI ANNOUNCES DEBT REPURCHASE

CAMBRIDGE, MA, December 20, 2004 — Akamai Technologies, Inc. (NASDAQ: AKAM) today announced that on December 17, 2004 it repurchased an additional $24.9 million in principal amount of its 5 1/2% Convertible Subordinated Notes due 2007 (“the 5 1/2% Notes”).

In total, the Company has repurchased $243.4 million in principal amount of its 5 1/2% Notes, leaving an aggregate of $56.6 million in principal amount of the 5 1/2% Notes outstanding. To effect the most recent repurchase, the Company paid a total of $26.1 million in cash to an institutional investor, including accrued interest as of the closing date.

About Akamai

Akamai® is the global leader of distributed computing solutions and services, making the Internet predictable, scalable, and secure for conducting profitable e-business. The Akamai on-demand platform enables customers to easily extend their Web operations – with full control – anywhere, anytime, without the cost of building out infrastructure. Headquartered in Cambridge, Massachusetts, Akamai serves hundreds of today’s most successful enterprises and government agencies around the globe. Akamai is The Business Internet. For more information, visit www.akamai.com.

# # #

Akamai Statement Under the Private Securities Litigation Reform Act
The release contains information about future expectations, plans and prospects of Akamai’s management that constitute forward-looking statements for purposes of the safe harbor provisions under The Private Securities Litigation Reform Act of 1995, including statements concerning expectations as to interest savings as a result of the repurchase of a portion of the Company’s 5 1/2% Notes. Actual results may differ materially from those indicated by these forward-looking statements as a result of factors that are discussed in the Company’s Annual Report on Form 10-K, quarterly reports on Form 10-Q, and other documents periodically filed with the SEC.